Georgia Capital Financial Highlights
Growth-oriented government reforms (2019-2020)
1
Structural Reforms
2
Promoting Transit & Tourism Hub
GEORGIA
CAPITAL
Tax Reform
Favorable tax rates for SME development
Special tax regimes for regional offices of multinational companies
Enhancing easiness of tax compliance
Capital Market Reform
Boosting stock exchange activities
Development of local bond market
Pension Reform
Introduction of private pension system
■ PPP Reform
■ Introduction of transparent and efficient PPP framework
Public Investment Management Framework
Improved efficiency of state projects
■ Law of Georgia on Entrepreneurs
New law will be drafted reflecting requirements of Association Agreement between EU and
Georgia
Responsible Lending
"
Decrease household over indebtedness
Regulatory actions to support responsible lending
■ Maximizing Government Effectiveness
■ Modification of government support programs based on performance
■ Association Agreement Agenda
3
Roads
■ Rail
Plan to finish all spinal projects by 2020 - East-West Highway, other supporting infrastructure
Baku Tbilisi Kars new railroad line
Railway modernization and integration in international transport systems
"
General Education Reform
Education
Maximising quality of teaching in secondary schools
■ Fundamental Reform of Higher Education
Based on the comprehensive research of the labour market needs
Improvement of Vocational Education
Increase involvement of the private sector in the professional education
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